Ann: A$100m Underwritten Institutional Placement and A$20m SPP, page-262

First 262 Last

Share
Profile

Follow
boom or bust

3,041 Posts.

635

23/08/23

11:33

Post #: 69498329
Share

Originally posted by Cosmoterios: ↑

You are mistaken.

My company have a branch office in Shanghai. And we have opened our office there since 2009. So I have a fair idea what the Chinese are like.

1. The Chinese have a high savings rate, averaging around 30 to 40%,

2. Buying a property is usually a 3 generational commitment, where the son, daughter, father, mother and grandparents, contribute. And most hold their property long term.

And despite what you believed about Evergrande and Country Garden, these two companies control Only a small amount of constructions within China - more like our Porta Davis. There are plenty of other construction companies (literally thousands) within China.

If you are looking for a higher value crash, the Chinese had a 5 Trillion dollar crash in 2015 in their stock markets - and many thought at the time, banks and businesses would go broke - some did, but within 18 months, the Chinese economy recovered.

My point: The Chinese economy is more resilient than the narratives of many pundits. In all the years our business have been in China, I have found them (pundits) to be wrong more than 90% of the time.

Its better to go see things for yourself.

Expand

We all need to get on EBay and buy some cheap crap from China to support their economy, we’ll be doing ourselves a favour .. haha

CXO Price at posting: 41.5¢ Sentiment: Hold Disclosure: Held
9 Upvote

0 Great analysis

Reply

Top Stories

US election outcomes: Key economic and market takeaways

Quit before you're fired: Russia bans uranium exports to USA, duplicating extant US ban

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

PNN

Power gets set for 1000-metre maiden drilling program in Brazil

First 262 Last

Add CXO (ASX) to my watchlist

(20min delay)
Last 9.8¢		Change 0.000(0.00%)		Mkt cap ! $210.0M

Open	High	Low	Value	Volume
9.7¢	10.3¢	9.5¢	$2.427M	24.77M

Buyers (Bids)

No.	Vol.	Price($)
2	62000	9.7¢

Sellers (Offers)

Price($)	Vol.	No.
9.8¢	314028	3

View Market Depth

No.	Vol.	Price($)
2	62000	0.097
8	1776602	0.096
33	2972167	0.095
7	741295	0.094
9	299720	0.093

Price($)	Vol.	No.
0.098	314028	3
0.099	229124	4
0.100	968675	11
0.105	4519522	36
0.110	4141069	49

Last trade - 16.10pm 18/11/2024 (20 minute delay)

CXO (ASX) Chart

Ann: A$100m Underwritten Institutional Placement and A$20m SPP, page-262

US election outcomes: Key economic and market takeaways

Quit before you're fired: Russia bans uranium exports to USA, duplicating extant US ban

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Power gets set for 1000-metre maiden drilling program in Brazil

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: A$100m Underwritten Institutional Placement and A$20m SPP, page-262

Top Stories

US election outcomes: Key economic and market takeaways

Quit before you're fired: Russia bans uranium exports to USA, duplicating extant US ban

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Power gets set for 1000-metre maiden drilling program in Brazil

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News